The speed at which a loan is approved depends on the type of lender and facility requested. Some digital lenders can approve loans in less than one hour while many commercial banks can take up to five days. Read our Personal Loans Guide to learn all you need to know about personal loans.

Digital lenders, Commercial banks, Microfinance banks and SACCOs all offer unsecured loans in Kenya. These lenders have different product features with varying eligibility requirements.

There are lots of different types of loans for various purposes. Before choosing a loan you should make sure you understand what you need the loan for and how long you’ll need it. This can help you decide which type of financial institution and facility you should look at.  Read Money254’s Loan Considerations Guide for a list of important factors to think through before deciding on what loan to take.

Credit history requirements vary among financial institutions. Some lenders accept only borrowers with good credit; others will loan to those who have defaulted on a previous loan in the past. Make sure to read the product details when you search on Money254 to find out what the eligibility requirements are.

Unsecured loans are a type of loan that do not require any collateral. Many people associate unsecured loans with app loans, Microfinance loans and M-Pesa loans however many commercial banks also offer unsecured loans. All of the personal loans currently available on Money254 are unsecured. Search today to find the best loan for you.

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A personal loan is money borrowed from a financial or lending institution to be used for personal reasons. While some personal loans are provided for specific use cases, many have no restrictions. Read our personal loans guide here for all the information you need on both secured and unsecured loans in Kenya.

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Loan costs very from lender to lender, and you can use the Money254's free personal loans search to compare different loans and see their true costs to make the best decision for you.

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Representative Example of Tala 30 Day Loan Cost:

• Example Loan Amount: Ksh10,000
• Representative Loan Cost: 19%
• Total Loan Repayment Amount: Ksh11,900
  

Representative Example of Timiza Unsecured Loan Cost:

• Example Loan Amount: Ksh100,000
• Representative Loan Cost: 7.08%
• Total Loan Repayment Amount: Ksh107,080
  

Representative Example of KCB Vooma Loan Cost:

• Example Loan Amount: Ksh100,000
• Representative Loan Cost: 6.91%
• Total Loan Repayment Amount: Ksh106,910
  

Representative Example of Mshwari Unsecured Loan Cost:

• Example Loan Amount: ksh10,000
• Representative Loan Cost: 9%
• Total Loan Repayment Amount: ksh10,900
  

Representative Example of Zenka Unsecured Loan Cost:

• Example Loan Amount: ksh10,000
• Representative Loan Cost: 39%
• Total Loan Repayment Amount: ksh13,900
  

Representative Example of KCB Unsecured Mpesa Loan Cost:

• Example Loan Amount: ksh100,000
• Representative Loan Cost: 8.64%
• Total Loan Repayment Amount: ksh108,640
  

Representative Example of Ipesa Unsecured Loan Cost:

• Example Loan Amount: ksh10,000
• Representative Loan Cost: 36%
• Total Loan Repayment Amount: ksh13,600
  

Representative Example of Lion Cash Unsecured Loan Cost:

• Example Loan Amount: ksh10,000
• Representative Loan Cost: 16%
• Total Loan Repayment Amount: ksh11,600
  

Representative Example of Hikash Unsecured Loan Cost:

• Example Loan Amount: ksh10,000
• Representative Loan Cost: 18.5%
• Total Loan Repayment Amount: ksh11,850
  

Representative Example of Flashpesa Unsecured Loan Cost:

• Example Loan Amount: ksh10,000
• Representative Loan Cost: 32%
• Total Loan Repayment Amount: ksh13,200
  

Representative Example of Kashway Unsecured Loan Cost:

• Example Loan Amount: ksh10,000
• Representative Loan Cost: 36%
• Total Loan Repayment Amount: ksh13,600
  

Representative Example of Opesa Personal Unsecured Loan Cost:

• Example Loan Amount: ksh10,000
• Representative Loan Cost: 29%
• Total Loan Repayment Amount: ksh12,900‍
  

Representative Example of MoKash Personal Unsecured Loan Cost:

• Example Loan Amount: ksh10,000
• Representative Loan Cost: 26%
• Total Loan Repayment Amount: ksh12,600
  

Representative Example of Zash Personal Unsecured Loan Cost:

• Example Loan Amount: ksh10,000
• Representative Loan Cost: 25%
• Total Loan Repayment Amount: ksh12,500